Woofun AI reports that Loopring has announced the immediate cessation of all trading services on its DEX, taking the relayer offline. The team attributes the shutdown to a lack of meaningful adoption, limited ecological growth due to the absence of a virtual machine in the first zkRollup, and the anticipated delisting of LRC from major exchanges in 2026, alongside the obsolescence of its architecture compared to modern zkEVM solutions.

The closure process involves publishing a final balance list for spot and liquidity pool positions, upgrading contracts to allow only whitelisted transfers for batch distribution, and opening a two-week review period for user verification. Following this, assets will be distributed directly to users' L1 wallets, excluding accounts with balances under $10. No user action or Gas fees are required, as the team covers all transaction costs.